Across Florida, robust job and population growth has led to exponential rent growth and rental rates that are higher than ever. Not surprisingly, multifamily properties are selling for unprecedented prices per unit, and developers can't seem to build fast enough to meet the strong demand.
Inevitably, the question many investors and developers are asking is, "Is this a bubble and if so, when is it going to pop?"
The answer, from our perspective, is that the Florida multifamily market still has plenty of runway.
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